Pennsylvania – Landscaping – Energy – Environment
This year, pretax profits for ConocoPhillips, Chevron, ExxonMobil, Hess Corporation, and Devon Energy are expected to increase by 42.7, 38.5, 28.6, 56.9 and 44.6 percent respectively, as compared to last year.
Kate Aronoff / TNR / March 10, 2022
The tax credits and rebates received by the Big Five from the US federal, state and local governments exceed their tax liabilities, leading to a transfer of $1.95 billion from the US federal and state governments to the Big Five.
Joseph Baines and Sandy Hager / Common Wealth / The Case for a Windfall Tax in the United States / March 7, 2022
Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually.
Environmental and Energy Study Institute / July 29, 2019
Ben van Beurden took home 57 times more than the median Shell worker in 2021 but will be facing pressure to temper awards for the current year as surging oil and gas prices bring misery to households and business alike.
James Sillars / Sky News / March 10, 2022